The World Wind Energy Association (WWEA) and the Korean Wind Energy Association (KWEIA) have sealed an agreement to partner in research initiatives aimed at boosting the wind power generation market in South Korea.
The collaboration will target both the onshore and offshore markets, WWEA said on Wednesday. Under the project, the partners will explore leading markets and identify policies that promote the development and “accelerated deployment” of wind power capacity. Data from the research will be provided to the South Korean government and will be used as guidance.
“Both onshore and offshore wind farm investment will be scaled up in the coming year, and the mid-term target is an installed capacity of 15 GW,” said Choong-Yul Son, chairman of the subcommittee of KWEIA and WWEA vice president. He added that the experience of other countries that have already achieved such a milestone will be instrumental in reaching the goal.
South Korea’s new President Moon Jae-in in June announced a major change in the country’s energy policy that envisages phasing out nuclear reactors and raising the share of renewable energy to 20% by 2030 from about 5% at present.
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